The theme of this year’s Agora Financial Investment Symposium is “View From the Peak.” The title alludes to Peak Oil, as well as peak everything else. We have 6.5 billion people on Earth, with more arriving every day. A fortunate few hundred million of us already live in the developed world. And now several billion other souls are working their way out of poverty, and that takes resources. So the world demand for everything (energy, steel, cement, food, water, you name it) is rising.
July 25th, 2008 | Byron King | 0 comments | ContinuedFeatured
Commentary on the top news stories of the day by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
Society for Austrian Economic Thought Forecasts Further Inflation
While in Vienna last week for the Society for Austrian Economic Thought meeting, I grabbed hold of the international edition of The Wall Street Journal. Over a classic Viennese breakfast of coffee, a boiled egg and pastry, I stumbled across an interview with Ted Forstmann, titled, “The Credit Crisis Is Going to Get Worse.” I hadn’t seen Forstmann’s name in years.
July 24th, 2008 | Chris Mayer | 0 comments | Continued
Fannie and Freddie: Playing With a Stacked Deck
As recently as February of this year, Russian officials cleared the way for two of its sovereign wealth funds, the Reserve Fund and National Wellbeing Fund, to invest in various foreign bonds, including those issued by the twin towers of American residential finance, Fannie and Freddie. “The prospect for every GSE bond clearly states that it is not backed by the United States government,” says Matt Kibbe, president of FreedomWorks.
July 21st, 2008 | Bill Bonner | 12 comments | Continued